Muthoot Microfin IPO is a book built issue of Rs 960.00 crores. The issue is a combination of fresh issue of 2.61 crore shares aggregating to Rs 760.00 crores and offer for sale of 0.69 crore shares aggregating to Rs 200.00 crores.
Muthoot Microfin IPO opens for subscription on December 18, 2023 and closes on December 20, 2023. The allotment for the Muthoot Microfin IPO is expected to be finalized on Thursday, December 21, 2023. Muthoot Microfin IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, December 26, 2023.
Muthoot Microfin IPO price band is set at ₹277 to ₹291 per share. The minimum lot size for an application is 51 Shares. The minimum amount of investment required by retail investors is ₹14,841. The minimum lot size investment for sNII is 14 lots (714 shares), amounting to ₹207,774, and for bNII, it is 68 lots (3,468 shares), amounting to ₹1,009,188.
ICICI Securities Limited, Axis Capital Limited, Jm Financial Limited and SBI Capital Markets Limited are the book running lead managers of the Muthoot Microfin IPO, while Kfin Technologies Limited is the registrar for the issue.
| IPO Opening Date | December 18, 2023 |
|---|---|
| IPO Closing Date | December 20, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per share |
| IPO Price | ₹277 to ₹291 per share |
| Market Lot | 51 Shares |
| Min Order Quantity | 51 Shares |
| Listing At | BSE, NSE |
| Total Issue Size | 32,989,690 shares (aggregating up to ₹960.00 Cr) |
| Fresh Issue | 26,116,838 shares (aggregating up to ₹760.00 Cr) |
| Offer for Sale | 6,872,852 shares of ₹10 (aggregating up to ₹200.00 Cr) |
| Employee Discount | ₹14 per share |
| Share holding pre issue | 116,837,249 |
| Share holding post issue | 142,954,087 |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 15% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 35% of the Net Issue |
Muthoot Microfin IPO opens on December 18, 2023, and closes on December 20, 2023.
| Basis of Allotment Date | December 21, 2023 |
|---|---|
| Initiation of Refunds | December 22, 2023 |
| Credit of Shares to Demat Account | December 22, 2023 |
| IPO Listing Date | December 26, 2023 |
Investors can bid for a minimum of 51 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 51 | ₹14,841 |
| Retail (Max) | 13 | 663 | ₹192,933 |
| S-HNI (Min) | 14 | 714 | ₹207,774 |
| S-HNI (Max) | 67 | 3,417 | ₹994,347 |
| B-HNI (Min) | 68 | 3,468 | ₹1,009,188 |
Founded in April 1992, Muthoot Microfin Limited, a subsidiary of Muthoot Pappachan Group, provides micro-loans to female customers with a focus on rural regions in India.
In 2021, the company launched the "Mahila Mitra" mobile application, which enables digital payment methods such as QR codes, websites, SMS-based links and voice-based payment methods. As of March 31, 2023, 1.18 million customers have downloaded the Mahila Mitra application and 1.70 million customers have made digital transactions.
As of March 31, 2023, the company has 2.77 million active customers, 1,172 branches in 321 districts in 18 states and union territories in India, and employs 10,227 people.
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards augmenting the capital base to meet future capital requirements. The main objects and objects incidental and ancillary to the main objects set out in the Memorandum of Association enable the company:
Muthoot Microfin IPO is a main-board IPO of 32,989,690 equity shares of the face value of ₹10 aggregating up to ₹960.00 Crores. The issue is priced at ₹277 to ₹291 per share. The minimum order quantity is 51 Shares.
The IPO opens on December 18, 2023, and closes on December 20, 2023. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Muthoot Microfin IPO opens on December 18, 2023 and closes on December 20, 2023.
Muthoot Microfin IPO lot size is 51 Shares, and the minimum amount required is ₹14,841.
You can apply in Muthoot Microfin IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.
The finalization of Basis of Allotment for Muthoot Microfin IPO will be done on Thursday, December 21, 2023, and the allotted shares will be credited to your demat account by Friday, December 22, 2023.
Check the IPO allotment status.
The Muthoot Microfin IPO listing date is December 26, 2023.
To Bid online, you need
Demat Account and Pan card.
Login to SMC account and
select the Muthoot Microfin IPO
Enter UPI Id & Mobile number
Place your number of bids
with the exchange
A UPI mandate is sent to your
UPI App to block your funds.